Overview
LightPath Technologies Inc fiscal Q4 revenue rises 41.4%, meeting analyst expectations, per LSEG data
EPS for fiscal Q4 misses estimates, net income also misses, per LSEG data
Co's strategic shift to BlackDiamond glass drives demand in defense sector
Outlook
Company aims to convert Germanium supply chain concerns into BlackDiamond sales
LightPath expects sustainable revenue growth through fiscal 2026 and beyond
Company focuses on scaling deliveries and converting pipeline into revenue
Result Drivers
GERMANIUM-FREE OPTICS - Strong demand for Germanium-free optics drove backlog growth, particularly in defense and public safety sectors
STRATEGIC INVESTMENTS - Secured $8 mln investment from Ondas Holdings and Unusual Machines to support growth in the drone/UAV sector
PRODUCT INNOVATION - Commenced production of high-end cooled IR cameras using proprietary BlackDiamond Glass, replacing Germanium
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Meet | $12.20 mln | $12.20 mln (5 Analysts) |
Q4 EPS | Miss | -$0.16 | -$0.04 (5 Analysts) |
Q4 Net Income | Miss | -$7.10 mln | -$1.91 mln (5 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the office equipment peer group is "buy"
Wall Street's median 12-month price target for LightPath Technologies Inc is $5.50, about 24.7% below its September 24 closing price of $6.86
Press Release: ID:nPn63fBBGa
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)